30-Day Notice of Proposed Information Collection: Quality Control Requirements for Direct Endorsement Lenders, 45042-45043 [2017-20730]
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45042
Federal Register / Vol. 82, No. 186 / Wednesday, September 27, 2017 / Notices
Officer, QMAC, Department of Housing
and Urban Development, 451 7th Street
SW., Washington, DC 20410; email
Colette.Pollard@hud.gov, or telephone
202–402–3400. This is not a toll-free
number. Person with hearing or speech
impairments may access this number
through TTY by calling the toll-free
Federal Relay Service at (800) 877–8339.
Copies of available documents
submitted to OMB may be obtained
from Ms. Pollard.
SUPPLEMENTARY INFORMATION: This
notice informs the public that HUD is
seeking approval from OMB for the
information collection described in
Section A.
The Federal Register notice that
solicited public comment on the
information collection for a period of 60
days was published on July 14, 2017 at
82 FR 32570.
A. Overview of Information Collection
Title of Information Collection: Loan
Sales Bidder Qualification Statement.
OMB Approval Number: 2502–0576.
Type of Request: Extension of
currently approved collection.
Form Number: HUD–90092.
Description of the need for the
information and proposed use: The
Qualification Statement solicits from
Prospective bidders to the HUD Loan
Sales the basic qualifications required
for bidding including but not limited to,
Purchaser Information (Name of
Purchaser, Corporate Entity, Address,
Tax ID), Business Type, Net Worth,
Equity Size, Prior History with HUD
Loans and prior sales participation. By
executing the Qualification Statement,
the purchaser certifies, represents and
warrants to HUD that each of the
statements included are true and
correct.
Respondents (i.e. affected public):
Business.
Estimated Number of Respondents:
542.
Estimated Number of Responses:
1,264.
Frequency of Response: On occasion.
Average Hours per Response: 0.5
hours.
Total Estimated Burdens: 316.
asabaliauskas on DSKBBXCHB2PROD with NOTICES
B. Solicitation of Public Comment
This notice is soliciting comments
from members of the public and affected
parties concerning the collection of
information described in Section A on
the following:
(1) Whether the proposed collection
of information is necessary for the
proper performance of the functions of
the agency, including whether the
information will have practical utility;
VerDate Sep<11>2014
18:59 Sep 26, 2017
Jkt 241001
(2) The accuracy of the agency’s
estimate of the burden of the proposed
collection of information;
(3) Ways to enhance the quality,
utility, and clarity of the information to
be collected; and
(4) Ways to minimize the burden of
the collection of information on those
who are to respond: Including through
the use of appropriate automated
collection techniques or other forms of
information technology, e.g., permitting
electronic submission of responses.
HUD encourages interested parties to
submit comment in response to these
questions.
Authority: Section 3507 of the Paperwork
Reduction Act of 1995, 44 U.S.C. Chapter 35.
Dated: September 20, 2017.
Colette Pollard,
Department Reports Management Officer,
Office of the Chief Information Officer.
[FR Doc. 2017–20729 Filed 9–26–17; 8:45 am]
BILLING CODE 4210–67–P
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5997–N–60]
30-Day Notice of Proposed Information
Collection: Quality Control
Requirements for Direct Endorsement
Lenders
Office of the Chief Information
Officer, HUD.
ACTION: Notice.
AGENCY:
HUD submitted the proposed
information collection requirement
described below to the Office of
Management and Budget (OMB) for
review, in accordance with the
Paperwork Reduction Act. The purpose
of this notice is to allow for 30 days of
public comment.
DATES: Comments Due Date: October 27,
2017.
ADDRESSES: Interested persons are
invited to submit comments regarding
this proposal. Comments should refer to
the proposal by name and/or OMB
Control Number and should be sent to:
HUD Desk Officer, Office of
Management and Budget, New
Executive Office Building, Washington,
DC 20503; fax: 202–395–5806, Email:
OIRASubmission@omb.eop.gov
FOR FURTHER INFORMATION CONTACT:
Colette Pollard, Reports Management
Officer, QMAC, Department of Housing
and Urban Development, 451 7th Street
SW., Washington, DC 20410; email
Colette.Pollard@hud.gov, or telephone
202–402–3400. This is not a toll-free
number. Person with hearing or speech
impairments may access this number
SUMMARY:
PO 00000
Frm 00057
Fmt 4703
Sfmt 4703
through TTY by calling the toll-free
Federal Relay Service at (800) 877–8339.
Copies of available documents
submitted to OMB may be obtained
from Ms. Pollard.
SUPPLEMENTARY INFORMATION: This
notice informs the public that HUD is
seeking approval from OMB for the
information collection described in
section A.
The Federal Register notice that
solicited public comment on the
information collection for a period of 60
days was published on July 14, 2017 at
FR 32572.
A. Overview of Information Collection
Title of Information Collection:
Quality Control Requirements for Direct
Endorsement Lenders.
OMB Approval Number: 2502–0600.
Type of Request: Extension of a
currently approved collection.
Form Number: None.
Description of the need for the
information and proposed use: Under
24 CFR 202.8(3), Direct Endorsement
(DE) lenders which sponsor third-party
originators (TPOs) are responsible to the
Secretary for the actions of TPOs or
mortgagees in originating loans or
mortgages, unless applicable law or
regulation requires specific knowledge
on the part of the party to be held
responsible. As a result, DE lenders are
responsible for conducting quality
control on TPO originations of FHAinsured mortgage loans, and ensuring
that their quality control plans contain
appropriate oversight provisions. This
creates an information collection burden
on DE lenders, since these institutions
must conduct quality control on all
loans they originate and underwrite.
In addition, under 24 CFR 203.255(c)
and (e), HUD conducts both pre- and
post-endorsement reviews of loans
submitted for FHA insurance by DE
lenders. As part of those reviews, the
Secretary is authorized to determine if
there is any information indicating that
any certification or required document
is false, misleading, or constitutes fraud
or misrepresentation on the part of any
party, or that the mortgage fails to meet
a statutory or regulatory requirement. In
order to assist the Secretary with this
directive, FHA requires that lenders
self-report all findings of fraud and
material misrepresentation, as well any
material findings concerning the
origination, underwriting, or servicing
of the loan that the lender is unable to
mitigate or otherwise resolve. The
obligation to self-report these findings
creates an additional information
collection burden on DE lenders.
In accordance with the requirements
of 5 CFR 1320.8(d), a Notice soliciting
E:\FR\FM\27SEN1.SGM
27SEN1
Federal Register / Vol. 82, No. 186 / Wednesday, September 27, 2017 / Notices
comments on this collection of
information was initially published in
the Federal Register on December 21,
2010 (Volume 75, Number 244, page
80066). At that time, FHA still allowed
for loan correspondents to participate in
its programs and had not yet
transitioned to the use of TPOs.
Therefore, FHA estimated information
collection burdens based on the
expected used of TPOs by DE lenders.
Three years later, FHA has revised these
estimates with real data, which has
substantially reduced the information
collection burden associated with OMB
Control Number 2502–0600.
Respondents (i.e., affected public):
Business or other for-profit.
Estimated Number of Respondents:
1,831.
Estimated Number of Responses:
135,682.
Frequency of Response: Annually.
Average Hours per Response: .52.
Total Estimated Burdens: 71,017.
B. Solicitation of Public Comment
asabaliauskas on DSKBBXCHB2PROD with NOTICES
This notice is soliciting comments
from members of the public and affected
parties concerning the collection of
information described in section A on
the following:
(1) Whether the proposed collection
of information is necessary for the
proper performance of the functions of
the agency, including whether the
information will have practical utility;
(2) The accuracy of the agency’s
estimate of the burden of the proposed
collection of information;
(3) Ways to enhance the quality,
utility, and clarity of the information to
be collected; and
(4) Ways to minimize the burden of
the collection of information on those
who are to respond: Including through
the use of appropriate automated
collection techniques or other forms of
information technology, e.g., permitting
electronic submission of responses.
HUD encourages interested parties to
submit comment in response to these
questions.
Authority: Section 3507 of the Paperwork
Reduction Act of 1995, 44 U.S.C. Chapter 35.
Dated: September 20, 2017.
Colette Pollard,
Department Reports Management Officer,
Office of the Chief Information Officer.
[FR Doc. 2017–20730 Filed 9–26–17; 8:45 am]
BILLING CODE 4210–67–P
VerDate Sep<11>2014
18:59 Sep 26, 2017
Jkt 241001
DEPARTMENT OF HOUSING AND
URBAN DEVELOPMENT
[Docket No. FR–5997–N–59]
30-Day Notice of Proposed Information
Collection: Manufactured Home
Construction and Safety Standards Act
Reporting Requirements
Office of the Chief Information
Officer, HUD.
ACTION: Notice.
AGENCY:
HUD submitted the proposed
information collection requirement
described below to the Office of
Management and Budget (OMB) for
review, in accordance with the
Paperwork Reduction Act. The purpose
of this notice is to allow for 30 days of
public comment.
DATES: Comments Due Date: October 27,
2017.
ADDRESSES: Interested persons are
invited to submit comments regarding
this proposal. Comments should refer to
the proposal by name and/or OMB
Control Number and should be sent to:
HUD Desk Officer, Office of
Management and Budget, New
Executive Office Building, Washington,
DC 20503; fax: 202–395–5806, Email:
OIRA Submission@omb.eop.gov
FOR FURTHER INFORMATION CONTACT:
Colette Pollard, Reports Management
Officer, QMAC, Department of Housing
and Urban Development, 451 7th Street
SW., Washington, DC 20410; email
Colette.Pollard@hud.gov, or telephone
202–402–3400. This is not a toll-free
number. Person with hearing or speech
impairments may access this number
through TTY by calling the toll-free
Federal Relay Service at (800) 877–8339.
Copies of available documents
submitted to OMB may be obtained
from Ms. Pollard.
SUPPLEMENTARY INFORMATION: This
notice informs the public that HUD is
seeking approval from OMB for the
information collection described in
Section A.
The Federal Register notice that
solicited public comment on the
information collection for a period of 60
days was published on July 13, 2017 at
82 FR 32373.
SUMMARY:
A. Overview of Information Collection
Title of Information Collection:
Manufactured Home Construction and
Safety Standards Act Reporting
Requirements.
OMB Approval Number: 2502–0253.
Type of Request: Revision.
Form Number: None.
Description of the need for the
information and proposed use: The
PO 00000
Frm 00058
Fmt 4703
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45043
Federal Standards and Procedural
Regulations require manufactured home
producers to place labels and notices in
and on manufactured homes and
mandate State and Private agencies
participating in the Federal program to
issue reports. Under revisions to the
current reporting requirements and
regulations, a streamlined procedure
was added that will allow
manufacturers, under certain
circumstances, to complete construction
of their homes on-site rather than in the
factory without first having to obtain
advance approval from HUD.
In addition, some information
collected assists both HUD and State
Agencies in locating manufactured
homes with defects, which then would
create the need for notification and/or
correction by the manufacturer.
Respondents (i.e., affected public):
Business or other for-profit.
Estimated Number of Respondents:
182.
Estimated Number of Responses:
105,479.
Frequency of Response: Monthly.
Average Hours per Response: 1.5.
Total Estimated Burdens: 147,515.
B. Solicitation of Public Comment
This notice is soliciting comments
from members of the public and affected
parties concerning the collection of
information described in Section A on
the following:
(1) Whether the proposed collection
of information is necessary for the
proper performance of the functions of
the agency, including whether the
information will have practical utility;
(2) The accuracy of the agency’s
estimate of the burden of the proposed
collection of information;
(3) Ways to enhance the quality,
utility, and clarity of the information to
be collected; and
(4) Ways to minimize the burden of
the collection of information on those
who are to respond: Including through
the use of appropriate automated
collection techniques or other forms of
information technology, e.g., permitting
electronic submission of responses.
HUD encourages interested parties to
submit comment in response to these
questions.
Authority: Section 3507 of the Paperwork
Reduction Act of 1995, 44 U.S.C. Chapter 35.
Dated: September 20, 2017.
Colette Pollard,
Department Reports Management Officer,
Office of the Chief Information Officer.
[FR Doc. 2017–20715 Filed 9–26–17; 8:45 am]
BILLING CODE 4210–67–P
E:\FR\FM\27SEN1.SGM
27SEN1
]]>Agencies
[Federal Register Volume 82, Number 186 (Wednesday, September 27, 2017)]
[Notices]
[Pages 45042-45043]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-20730]
-----------------------------------------------------------------------
DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
[Docket No. FR-5997-N-60]
30-Day Notice of Proposed Information Collection: Quality Control
Requirements for Direct Endorsement Lenders
AGENCY: Office of the Chief Information Officer, HUD.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: HUD submitted the proposed information collection requirement
described below to the Office of Management and Budget (OMB) for
review, in accordance with the Paperwork Reduction Act. The purpose of
this notice is to allow for 30 days of public comment.
DATES: Comments Due Date: October 27, 2017.
ADDRESSES: Interested persons are invited to submit comments regarding
this proposal. Comments should refer to the proposal by name and/or OMB
Control Number and should be sent to: HUD Desk Officer, Office of
Management and Budget, New Executive Office Building, Washington, DC
20503; fax: 202-395-5806, Email: OIRASubmission@omb.eop.gov
FOR FURTHER INFORMATION CONTACT: Colette Pollard, Reports Management
Officer, QMAC, Department of Housing and Urban Development, 451 7th
Street SW., Washington, DC 20410; email Colette.Pollard@hud.gov, or
telephone 202-402-3400. This is not a toll-free number. Person with
hearing or speech impairments may access this number through TTY by
calling the toll-free Federal Relay Service at (800) 877-8339. Copies
of available documents submitted to OMB may be obtained from Ms.
Pollard.
SUPPLEMENTARY INFORMATION: This notice informs the public that HUD is
seeking approval from OMB for the information collection described in
section A.
The Federal Register notice that solicited public comment on the
information collection for a period of 60 days was published on July
14, 2017 at FR 32572.
A. Overview of Information Collection
Title of Information Collection: Quality Control Requirements for
Direct Endorsement Lenders.
OMB Approval Number: 2502-0600.
Type of Request: Extension of a currently approved collection.
Form Number: None.
Description of the need for the information and proposed use: Under
24 CFR 202.8(3), Direct Endorsement (DE) lenders which sponsor third-
party originators (TPOs) are responsible to the Secretary for the
actions of TPOs or mortgagees in originating loans or mortgages, unless
applicable law or regulation requires specific knowledge on the part of
the party to be held responsible. As a result, DE lenders are
responsible for conducting quality control on TPO originations of FHA-
insured mortgage loans, and ensuring that their quality control plans
contain appropriate oversight provisions. This creates an information
collection burden on DE lenders, since these institutions must conduct
quality control on all loans they originate and underwrite.
In addition, under 24 CFR 203.255(c) and (e), HUD conducts both
pre- and post-endorsement reviews of loans submitted for FHA insurance
by DE lenders. As part of those reviews, the Secretary is authorized to
determine if there is any information indicating that any certification
or required document is false, misleading, or constitutes fraud or
misrepresentation on the part of any party, or that the mortgage fails
to meet a statutory or regulatory requirement. In order to assist the
Secretary with this directive, FHA requires that lenders self-report
all findings of fraud and material misrepresentation, as well any
material findings concerning the origination, underwriting, or
servicing of the loan that the lender is unable to mitigate or
otherwise resolve. The obligation to self-report these findings creates
an additional information collection burden on DE lenders.
In accordance with the requirements of 5 CFR 1320.8(d), a Notice
soliciting
[[Page 45043]]
comments on this collection of information was initially published in
the Federal Register on December 21, 2010 (Volume 75, Number 244, page
80066). At that time, FHA still allowed for loan correspondents to
participate in its programs and had not yet transitioned to the use of
TPOs. Therefore, FHA estimated information collection burdens based on
the expected used of TPOs by DE lenders. Three years later, FHA has
revised these estimates with real data, which has substantially reduced
the information collection burden associated with OMB Control Number
2502-0600.
Respondents (i.e., affected public): Business or other for-profit.
Estimated Number of Respondents: 1,831.
Estimated Number of Responses: 135,682.
Frequency of Response: Annually.
Average Hours per Response: .52.
Total Estimated Burdens: 71,017.
B. Solicitation of Public Comment
This notice is soliciting comments from members of the public and
affected parties concerning the collection of information described in
section A on the following:
(1) Whether the proposed collection of information is necessary for
the proper performance of the functions of the agency, including
whether the information will have practical utility;
(2) The accuracy of the agency's estimate of the burden of the
proposed collection of information;
(3) Ways to enhance the quality, utility, and clarity of the
information to be collected; and
(4) Ways to minimize the burden of the collection of information on
those who are to respond: Including through the use of appropriate
automated collection techniques or other forms of information
technology, e.g., permitting electronic submission of responses.
HUD encourages interested parties to submit comment in response to
these questions.
Authority: Section 3507 of the Paperwork Reduction Act of 1995,
44 U.S.C. Chapter 35.
Dated: September 20, 2017.
Colette Pollard,
Department Reports Management Officer, Office of the Chief Information
Officer.
[FR Doc. 2017-20730 Filed 9-26-17; 8:45 am]
BILLING CODE 4210-67-P
